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118 Kingsland Avenue
Apartment #1
$2,800,000 Price
12 Bedrooms   8.0 Baths
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Photo 1 of 118 Kingsland Avenue 1, Greenpoint, New York, $2,800,000, Web #: 1108215303Previous PhotoNext Photo1 of 33

118 Kingsland Avenue, Greenpoint, New York

Exceptional Investment Opportunity in East Williamsburg! Unlock a free-market investment with a projected CAP rate of 6.5% in one of the most sought-after neighborhoods. 118 Kingsland Avenue is a four-unit property, generating strong rental income while also serving as an owner-occupied residence. Property...

Exceptional Investment Opportunity in East Williamsburg! Unlock a free-market investment with a projected CAP rate of 6.5% in one of the most sought-after neighborhoods. 118 Kingsland Avenue is a four-unit property, generating strong rental income while also serving as an owner-occupied residence. Property Overview: - Total Units: 4 (spread across two separate structures: 118 Kingsland Ave & 118 1?2 Kingsland Ave) - Total Bedrooms: 12 - Total Bathrooms: 8 - Lot Size: Approx. 2,887 sq. ft. - Zoning: M1-1 (allowing for residential and commercial possibilities) Unit Breakdown: 118 Kingsland Ave - Unit 1: 4BR/3BA Duplex - Spacious layout with direct basement access, ideal for added functionality. - Unit 2: 4BR/2BA - Bright and airy, featuring a private deck for outdoor enjoyment. 118 1?2 Kingsland Ave - Unit 1: 3BR/2BA - Open-concept layout with a comfortable, inviting feel. - Unit 2: 1BR/1BA - Includes a private deck, perfect for relaxation or entertaining. The basement has washer hookups. Currently, only one apartment has access to the basement, but with two entrances, it presents a great opportunity to create an in-building laundry facility for all tenants. Why Invest in 118 Kingsland Avenue? ? Turnkey Investment - Fully rentable or ideal for an end-user looking to occupy one unit while renting out the others, ensuring immediate income with free-market rent. ? No Rent Regulations - No rent restrictions, offering full flexibility. ? Outdoor Space - Private decks and a backyard enhance tenant appeal. ? Prime Location - East Williamsburg is rapidly growing, with increasing property values. ? Easy Transit Access - Close to the G & L subway lines and the East River Ferry for quick commutes. ? High Tenant Demand - Surrounded by trendy cafes, restaurants, and cultural hotspots. This well-maintained, income-producing property offers stability and long-term growth potential in one of Brooklyn's most dynamic neighborhoods. Whether you're looking to expand your portfolio or secure a high-performing asset, 118 Kingsland Avenue is a rare opportunity worth considering. Common Outdoor Space,No pets,Private outdoor space,Ac,Pre-War,Outdoor Space,In-unit Laundry

Courtesy of Highline Residential LLC

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Greenpoint, New York
Type: House
Price: $2,800,000
Re Tax: $7,032
Last Updated: 4/19/2025
Web ID: 1108215303

Info & Amenities

Type: Single Family
Rooms: 14.0
Bedrooms: 12
Bathrooms: 8.0
Washer and dryer: Yes
Built: 1900

Map of Area for 118 Kingsland Avenue 1

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.